LINEDATA SERVICES : Linedata Agrees to Acquire CapitalStream, significantly strengthening its Position in North America and the Credit and Finance industry PARIS, February 14, 2013: Linedata (Nyse Euronext: LIN) has agreed to acquire HCL Technologies' CapitalStream business and enter into a strategic partnership with HCL Technologies Ltd. The transaction is expected to close before the end of Q1 2013. Linedata is one of the leading providers of software and services to the credit and financing industries in Europe and Africa. Linedata has also developed a significant presence in North America in the asset management area. Acquisition of CapitalStream CapitalStream is a market leading software platform that offers a sophisticated suite of credit lifecycle management solutions to the financial services industry. It has a fast-growing client portfolio of prestigious banking and other financial institutions in North America. Revenues for their last financial year ending June 2012, expressed in U.S. GAAP, amounted to $ 30 million. The Company employs approximately hundred employees in the USA (Seattle, WA & Irvine, CA) As part of the acquisition, Linedata would acquire all the assets and associated liabilities for a sum of $45 million. The transaction will be financed by an extension of an existing bank loan with a pool of banks. Following the transaction, debt ratios will remain at a reasonable level and the leverage ratio (net debt post-closing / consolidated EBITDA) will be less than 2. This combination will enable Linedata to offer a uniquely powerful and comprehensive set of applications for North America and the global marketplace. HCL Technologies, the long standing owner of CapitalStream,is a leading global technology and IT services company. This agreement reflects HCL's core strategy of joining hands with product companies to offer transformational services to its clients. Through this partnership, Linedata will be able to reinforce its services offering to support CapitalStream clients in all of their major IT projects. Anvaraly Jiva, Founder and CEO of Linedata, says: "I am very pleased to welcome this highly talented team and prestigious client base to Linedata. This acquisition will extend our ability to provide end-to-end solutions to the credit and finance industry globally. The partnership with HCL will substantially improve our ability to engage in very large projects with our clients. Linedata's presence in North America, a key to our global growth, will be significantly expanded". Next communication: publication of 2012 annual results on February 28, 2013 after close of trading. ABOUT LINEDATA Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set-up of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 144 million in 2012. This company is listed on Euronext Paris FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LIN:FP. For further information, please contact: Linedata Cap Value Finance Department Financial communication +33 (0)1 47 77 68 39 Gilles Broquelet / Samuel Beaupain email@example.com +33 (0)1 80 81 50 00 www.linedata.com firstname.lastname@example.org www.capvalue.fr 130214-linedata-en ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: LINEDATA SERVICES via Thomson Reuters ONE HUG#1678048
LINEDATA SERVICES : Linedata Agrees to Acquire CapitalStream, significantly strengthening its Position in North America and the
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